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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2015 | Seamless Steel Tube & Pipe


Asian prices tumble as export demand cools: Asia Market Analysis


Exports of seamless OCTG from China to the rest of the world fell to just under 370kt in the first quarter of 2015, down some 30% year-on-year.

Chinese seamless OCTG prices have fallen back this month, as a result J/K55 casing at 7” OD are around $620-680/tonne fob, although MBR has heard of offers being made from Tier 2 Chinese mills as low as $580/tonne fob for J/K 55 casing and $670-680/tonne fob for L80 casing, if the order volume is large enough. Demand remains lacklustre – worryingly for the Chinese mills overseas demand, to which many mills rely on to try to achieve decent utilisation rates, is very low currently.

...as international enquiries hit a low...
Exports of seamless OCTG from China to the rest of the world fell to just under 370kt in the first quarter of 2015, down some 30% year-on-year. This situation is not likely to rapidly chance in the next few months either.

...which is also impacting on the Japanese premium market

The low demand from...

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